Exhibit 12-8 Negative income tax for a family
Under the negative income tax shown in Exhibit 12-8, what cash payment would a family with no earned income receive from the government?
A. $0.
B. $10,000.
C. $15,000.
D. $30,000.
Answer: B
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A decrease in the nominal exchange rate, e, defined as the number of units of the foreign currency that one unit of the domestic currency will buy, indicates that the domestic currency has ________ relative to the foreign currency.
A. become undervalued B. become overvalued C. depreciated D. appreciated
If an import-competing firm is imperfectly competitive, than under free trade an import quota will ________ domestic market price, ________ producer surplus, ________ consumer surplus, ________ government revenue, and ________ overall domestic
national welfare. A) increase; increase; decrease; have no effect on; decrease B) decrease; decrease; increase; decrease; have no effect on C) increase; have no effect on; decrease; increase; decrease D) decrease; increase; decrease; increase; decrease E) have no effect on; have no effect on; decrease; increase; decrease
At the _________ Conferences held from1899-1908, management as a discipline known as home economics was founded
a. Lake Placid b. Packard c. Smith-Lever d. San Francisco
Refer to the following table:
What is the marginal cost for the 5th unit of the activity?
A. 186 B. 189 C. 175 D. 180 E. none of the above